How much would you pay for this 32 unit? got all the #'s.
32 unit brick. Great occupancy. C+ area. I am very familiar with area, I own other smaller multis and SFH's in same neighborhood.
Current owner seems to keep building in great shape. Well taken care of.
Mechanicals seem to be less then 10 years old.
Heat and hot water is provided via electric baseboard heaters and electric water heaters. Electricity is metered individually to each unit.
monthly rent $500 ( somewhat low for the area, 525-550 is doable)
monthly water= $600
Taxes yearly= 18,000
Insurance= no idea?
snow/lawn =250 monthly
Random maintenance= $3,000 monthly
I would be managing myself. Whats a fair price? They are asking $950,000.